Trustee of the First Trust definition

Trustee of the First Trust means the trustee in respect of the First Trust Agreement. “Trustee of the Second Trust” means the trustee in respect of the Second Trust Agreement.
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Examples of Trustee of the First Trust in a sentence

  • The First Trust Agreement provides that the Trustee of the First Trust may invest the cash contained in the Trust Assets of the First Trust in Eligible Investments, separately from or jointly with the cash belonging to other trusts which are held by the Trustee of the First Trust and are being invested in the same manner, for the purpose of reasonably contributing to the safe and efficient investment of such cash and on the understanding that the Trust Assets of the First Trust will not be harmed thereby.

  • With respect to the administration of the Auto Loan Receivables and other related business delegated by the Trustee of the First Trust to the Servicer and the Sub-Servicer, See Part 2 (Information Regarding the Trust Assets), II.

  • Risk associated with Insolvency Proceedings relating to the Trustee of the First Trust and Trustee of the Second TrustIn accordance with Article 25 of the Trust Act, when the Trustees of the First Trust and the Trustee of the Second Trust (collectively, the “ Trustee”) commences Insolvency Proceedings, the Auto Loan Receivables and cash in the Trust Assets will not be included in the bankruptcy estate, rehabilitating debtor’s assets or the reorganizing company’s assets.

  • Servicer Replacement EventIf any of the following events (each, a “ Servicer Replacement Event”) occurs, the Trustee of the First Trust may, in accordance with the instruction of the Trustee of the Second Trust, terminate the Servicing Agreement and the delegation of the Servicing Activities to the Servicer under the Servicing Agreement upon prior written notice to the Trustee of the Second Trust and the Rating Agencies.

  • The Trustee of the First Trust will establish (on or before the Trust Commencement Date) the Trust Management Account with a Qualified Bank and the ledgers as set forth in the First Trust Agreement in the Trust Management Account.

  • The Servicer's obligations and the appointment of the Trustee of the First Trust under this item (5) will remain in effect until after the termination of the Servicing Agreement.

  • Given this, the Trustee of the First Trust may not claim the rights concerning the Auto Loan Receivables transferred to itself against the Obligors without perfecting such transfer of receivables against the Obligors.

  • The Trustee of the First Trust will delegate some of its trust business to the Trustor of the First Trust, as Servicer.

  • The Trustee of the First Trust will not be prohibited from delegating such investment to any financial institution which is an Interested Party of the Trustee of the First Trust to the extent permitted by Applicable Laws.

  • The Trust Assets of the First Trust consist of Auto Loan Receivables, money to be entrusted, the investment earnings from Eligible Investments, all rights under the agreements to which the Trustee of the First Trust is a party and other assets which are provided by Article 16 of the Trust Act, as trust assets.

Related to Trustee of the First Trust

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Supplemental Interest Trust The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Owner Trust means the trust created by this Agreement.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Series Trust means the trust known as the Series 2000-2G Medallion Trust established pursuant to the Master Trust Deed and the Series Supplement.

  • NIM Trustee The trustee for the NIM Securities.

  • Owner Trustee Corporate Trust Office means the office of the Owner Trustee at which its corporate trust business shall be administered, which initially shall be Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000 Attn: Corporate Trust Administration, or such other office at such other address as the Owner Trustee may designate from time to time by notice to the Certificateholder, the Servicer, the Indenture Trustee, the Trust Depositor and Harley-Davidson Credit.

  • Successor Trust means the Continental Airlines Pass Through Trust 1999-1A-S.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;